Let’s wood. China, the world’s second-largest economy, is facing a declining birth rate crisis. To combat this, China has announced a grant to couples who have more than one child.
China has announced a $500 (about Rs 70,000) annual grant per child for couples under the age of three. This grant can be up to $ 1,500 (about Rs 207,000) for three children.
This policy was announced on Monday to increase the birth rate in China. According to state media, china’s policy will help about 20 million families raise their children.
To increase the birth rate, China has ended the policy of giving birth to a child almost a decade ago. Even then, the birth rate has been declining. – Agency
